New Delhi, April 9 -- Credit card usage has undoubtedly risen considerably in the past few years, primarily steered by increased consumer spending and the growing popularity of digital payments. However, non-performing assets (NPAs) in the credit card segment also spiked by 28.42 per cent to Rs.6,742 crore during the 12-month period ended December 2024, the latest Reserve Bank of India (RBI) data shows.

The RBI data also reveals that gross NPAs jumped from Rs.5,250 crore in December 2023 to the current level, a rise of around Rs.1,500 crore. This is around 2.3 per cent of the gross loan outstanding of Rs.2.92 lakh crore in the credit card segment of commercial banks in December 2024 vis-a-vis 2.06 per cent of Rs.2.53 lakh crore credit ca...